SERES(SH:601127) Zhong Zheng Wang·2025-10-27 07:16Group 1 - Company Seres has launched its IPO in Hong Kong, with the offering period running from October 27 to October 31, and plans to list on November 5 under the stock code "9927" [1] - The IPO aims to raise approximately HKD 12.9249 billion, based on a maximum offer price of HKD 131.50 per share, with a total issuance of 100.2 million H-shares [1] - The funds raised will be allocated to R&D, diversified marketing channels, overseas sales, charging network services, and general corporate purposes [1] Group 2 - Since its collaboration with Huawei in 2021, Seres has developed a product matrix including four models: Wanjie M9, M8, M7, and M5, leading to significant sales growth [2] - For 2024, Seres projects revenue of CNY 145.114 billion, a year-on-year increase of 305.47%, with a net profit of CNY 5.946 billion and a gross margin of 23.8% [2] - In the first half of 2025, Seres expects to continue its growth trajectory with revenue of CNY 62.359 billion and a net profit of CNY 2.941 billion, reflecting an 81.03% year-on-year increase [2]